{"id":3452,"date":"2023-12-24T08:52:25","date_gmt":"2023-12-24T08:52:25","guid":{"rendered":"https:\/\/azelhukuk.com\/thanksgiving-inspired-cocktails-that-your-guests-copy-2\/"},"modified":"2025-10-29T15:54:26","modified_gmt":"2025-10-29T15:54:26","slug":"sale-proceedings-in-execution-of-judgement","status":"publish","type":"post","link":"https:\/\/azelhukuk.com\/en\/icra-takibinde-satis-islemi\/","title":{"rendered":"\u201cSale\u201d Procedure in Enforcement Proceedings: Conversion of Attached Property into Cash"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"3452\" class=\"elementor elementor-3452\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1946f310 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1946f310\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4d110efc\" data-id=\"4d110efc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79f32770 elementor-widget elementor-widget-text-editor\" data-id=\"79f32770\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In Enforcement and Bankruptcy Law, after the proceedings become final, the most critical stage for the creditor to collect their receivable is the conversion of attached assets into money. At this stage, the attached assets are sold through the enforcement office and turned into cash, and the proceeds are paid to the creditor.<\/span><\/p><p><span style=\"font-weight: 400;\">The process of selling seized goods consists of the stages of sales demand, valuation, advertisement and auction. The legislature has detailed this process in a way that balances it to protect both the interests of the creditor and the rights of the debtor.<\/span><\/p><h2><b>Sales Enquiry<\/b><\/h2><h3><b>Right to Request the Sale of Seized Property<\/b><\/h3><p><a href=\"https:\/\/azelhukuk.com\/en\/services\/enforcement-and-bankruptcy-law\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Enforcement and Bankruptcy Law<\/span><\/a><span style=\"font-weight: 400;\"> Under the scope of this, goods upon which attachment proceedings have been carried out are, as a rule, sold upon request. The sale may be requested by the creditor as well as by the debtor.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">A sale request cannot be made subject to a condition. If the goods to be sold are outside the jurisdiction of the enforcement office, the sale may be carried out by means of a letter of request.<\/span><\/p><p><span style=\"font-weight: 400;\">The person requesting the sale must pay the expenses in advance. Along with the sale request, the costs for appraisal, sale and safekeeping must be paid in advance.<\/span><\/p><h3><b>Enforcement Officer's Power of Ex Officio Sale<\/b><\/h3><p><span style=\"font-weight: 400;\">The enforcement officer may sometimes carry out the sale of property on their own initiative. These situations are:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the value of the seized property is depreciating rapidly, or if it is difficult or costly to preserve,<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the goods subject to sale are goods seized with a supplementary attachment,<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If a supplementary auction is to take place for the sale of the asset, the enforcement officer shall be empowered to carry out the sale of the asset of their own motion.<\/span><\/li><\/ul><h3><b>Durations<\/b><\/h3><p><span style=\"font-weight: 400;\">Our legal system has set maximum time limits for the enforcement proceedings that have reached the attachment stage, in order for the sale to be requested. <\/span><a href=\"https:\/\/www.resmigazete.gov.tr\/eskiler\/2021\/11\/20211130-1.htm\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Law No. 7343<\/span><\/a><span style=\"font-weight: 400;\"> following the amendment, the distinction between movable and immovable property was removed.<\/span><\/p><p><span style=\"font-weight: 400;\">From the seizure <\/span><b>Within a year<\/b><span style=\"font-weight: 400;\"> If a sale is not requested, the attachment is lifted. If the first auction does not take place, to the creditor requesting the sale <strong>Add 1 year<\/strong> time is allowed.<\/span><\/p><p><span style=\"font-weight: 400;\">These time limits stipulated in the law do not run in the presence of certain circumstances. These circumstances are:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The existence of an instalment agreement between the creditor and the debtor,<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The filing of an interpleader action,<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">These are the periods that apply until the temporary attachment and provisional attachment are converted into a definitive attachment.<\/span><\/li><\/ul><h2><b>Valuation, Objection and Validity Period<\/b><\/h2><p><span style=\"font-weight: 400;\">The enforcement director has an expert assess the estimated value in order to determine the specified price of the property. The drawn-up valuation is served on the interested parties. The interested parties may object to this <\/span><b>within 7 days<\/b><span style=\"font-weight: 400;\"> They can apply to the enforcement court by way of complaint.<\/span><\/p><p><span style=\"font-weight: 400;\">Valuation of chattels <\/span><b>1 year<\/b><span style=\"font-weight: 400;\">, in immovable property <\/span><b>2 years<\/b><span style=\"font-weight: 400;\"> is valid throughout. Revaluation cannot be requested until these periods have expired.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de3b140 elementor-widget elementor-widget-image\" data-id=\"de3b140\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"691\" src=\"https:\/\/azelhukuk.com\/wp-content\/uploads\/2023\/12\/Azel-Hukuk-Mal-Rejimi-Reformu-1-1024x691.jpg\" class=\"attachment-large size-large wp-image-11245\" alt=\"The person logging onto the electronic sales portal for the sale of seized goods\" srcset=\"https:\/\/azelhukuk.com\/wp-content\/uploads\/2023\/12\/Azel-Hukuk-Mal-Rejimi-Reformu-1-1024x691.jpg 1024w, https:\/\/azelhukuk.com\/wp-content\/uploads\/2023\/12\/Azel-Hukuk-Mal-Rejimi-Reformu-1-300x203.jpg 300w, https:\/\/azelhukuk.com\/wp-content\/uploads\/2023\/12\/Azel-Hukuk-Mal-Rejimi-Reformu-1-768x518.jpg 768w, https:\/\/azelhukuk.com\/wp-content\/uploads\/2023\/12\/Azel-Hukuk-Mal-Rejimi-Reformu-1-1536x1037.jpg 1536w, https:\/\/azelhukuk.com\/wp-content\/uploads\/2023\/12\/Azel-Hukuk-Mal-Rejimi-Reformu-1.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91c2a4a elementor-widget elementor-widget-text-editor\" data-id=\"91c2a4a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><b>Property Sale and Advertisement<\/b><\/h2><h3><b>Advertising Method<\/b><\/h3><p><span style=\"font-weight: 400;\">Sales, <\/span><a href=\"https:\/\/www.turkiye.gov.tr\/uyap-portali-satis-bilgi-sistemi\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">on the electronics sales portal<\/span><\/a><span style=\"font-weight: 400;\"> Notice is hereby given.<\/span><\/p><p><span style=\"font-weight: 400;\">Under the law, from the date of the sales request <\/span><b>within 3 months<\/b><span style=\"font-weight: 400;\"> Even if the anticipated sale of the immovable property takes place after the projected period, it will still be a valid transaction. The reason for this is that the stipulated 3-month period is of a regulatory nature for the enforcement office.<\/span><\/p><p><span style=\"font-weight: 400;\">From the date the sale will take place <\/span><b>at least 1 month ago<\/b><span style=\"font-weight: 400;\"> The sale is announced electronically, along with a nationwide distributed newspaper with a circulation of over 50,000. A copy of this announcement is also served upon the debtor, the creditor and the interested parties registered in the land registry.<\/span><\/p><h3><b>Conditions of Tender<\/b><\/h3><p><span style=\"font-weight: 400;\">Following the advertisement, the auction specification is drawn up. The auction specification sets out the characteristics of the goods and the manner in which the sale will be conducted.<\/span><\/p><p><span style=\"font-weight: 400;\">Those wishing to join the auction, of the determined price of the property <\/span><b>en az %20\u2019si oran\u0131nda<\/b><span style=\"font-weight: 400;\"> it is compulsory to provide collateral. If the claim of the creditor wishing to participate in the auction is at this rate, no additional collateral condition is required.<\/span><\/p><h3><b>Electronic Auction Procedure<\/b><\/h3><p><span style=\"font-weight: 400;\">The auction is initiated by submitting bids electronically.\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Offer period:<\/b><span style=\"font-weight: 400;\"> Bidding in the electronic environment, starting from the first tender date <\/span><b>20 days ago<\/b><span style=\"font-weight: 400;\"> begin, and finish at the end of the day before the day on which the tender will be completed. The same system operates for the second bidding.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lower limit: <\/b><span style=\"font-weight: 400;\">Elektronik ortamda verilecek teklifler, haczedilen mal\u0131n tahmin edilen k\u0131ymetinin %50\u2019sinden az olamaz.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Payment of the fee: <\/b><span style=\"font-weight: 400;\">From the electronic announcement of the auction results report, the winning buyer <\/span><b>within 7 days<\/b><span style=\"font-weight: 400;\"> He\/She\/It is obliged to pay the tender price in cash.<\/span><\/li><\/ul><h2><b>Sale of Movable and Immovable Property in Enforcement Proceedings<\/b><\/h2><p><span style=\"font-weight: 400;\">Previously, in the sale of movable property <\/span><b>2 months<\/b><span style=\"font-weight: 400;\">, in property sales <\/span><b>about 3 months<\/b><span style=\"font-weight: 400;\"> Timeframes were envisaged. Following Law No. 7343, these timeframes are now tied to the electronic sales calendar in practice.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>In the sale of goods:<\/b><span style=\"font-weight: 400;\"> The advertisement, the auction specifications and the electronic bidding process run parallel to the immovable property sale.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>In the sale of immovable property:<\/b><span style=\"font-weight: 400;\"> The advertisement duration is kept longer; <\/span><b>at least 1 month in advance<\/b><span style=\"font-weight: 400;\"> It must be advertised.<\/span><\/li><\/ul><h3><b>Court of Cassation Practice<\/b><\/h3><p><span style=\"font-weight: 400;\">The Court of Cassation has adopted the following principles regarding the sale period:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Sales request period (1 year)<\/b><span style=\"font-weight: 400;\"> It is of a forfeiture nature and if not requested in due time, the attachment shall be lifted.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>The actual duration of the sale<\/b><span style=\"font-weight: 400;\"> which was previously envisaged as 2 months\/3 months, is of a regulatory nature. Therefore, exceeding the time limit does not affect the validity of the sale.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the valuation report is not objected to within the legal period, the report shall be deemed final.<\/span><\/li><\/ul><h3><b>Frequently Asked Questions (FAQ)<\/b><\/h3><h4><b>What happens if a sales request is not made?\u00a0<\/b><\/h4><p><span style=\"font-weight: 400;\">If a sale is not requested within 1 year from the attachment, the attachment is lifted.<\/span><\/p><h4><b>Can the debtor request a sale?<\/b><\/h4><p><span style=\"font-weight: 400;\">Yes, the debtor as well as the creditor can request the sale.<\/span><\/p><h4><b>Within what period can an appraisal be appealed?<\/b><\/h4><p><span style=\"font-weight: 400;\">A complaint may be lodged with the execution court within 7 days of the service of the report.<\/span><\/p><h4><b>What is the lower limit for bids in an electronic tender?<\/b><\/h4><p><span style=\"font-weight: 400;\">Haczedilen mal\u0131n k\u0131ymetinin %50\u2019sinden az teklif verilemez.<\/span><\/p><h4><b>Can you enter a tender without depositing a security\/guarantee?<\/b><\/h4><p><span style=\"font-weight: 400;\">Hay\u0131r, k\u0131ymetin %20\u2019si oran\u0131nda teminat yat\u0131rmak zorunludur.<\/span><\/p><h4><b>Within what timeframe must the tender amount be paid?<\/b><\/h4><p><span style=\"font-weight: 400;\">The winner of the tender must pay the price in cash within 7 days.<\/span><\/p><h2><b>Result<\/b><\/h2><p><span style=\"font-weight: 400;\">Conversion of seized property into cash is one of the most important stages of enforcement proceedings. With the amendments made by Law No. 7343, the sales process has been moved to the electronic environment, the distinction between movable and immovable property has been removed, and the period for requesting sale has been set at 1 year.<\/span><\/p><p><span style=\"font-weight: 400;\">The time limits determined for the sale of movable and immovable property, announcements, and electronic auction procedures are of great importance for both the creditor and the debtor. Serious losses of rights may be experienced if the valuation, tender procedures and collateral conditions are not carefully followed during this process.<\/span><\/p><p><a href=\"https:\/\/azelhukuk.com\/en\/what-is-debt-enforcement-proceedings-how-to-start-it-its-types-process-and-ways-to-appeal\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">During the enforcement proceedings<\/span><\/a><span style=\"font-weight: 400;\"> To avoid losing rights and to manage the legal process correctly, getting professional support from an enforcement lawyer ensures both that the creditor secures their receivable and that the debtor's rights are protected.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>\u0130cra ve \u0130flas Hukuku\u2019nda takip kesinle\u015ftikten sonra alacakl\u0131n\u0131n alaca\u011f\u0131n\u0131 tahsil edebilmesi i\u00e7in en kritik a\u015fama, hacizli mallar\u0131n paraya \u00e7evrilmesidir. Bu a\u015famada, haciz edilen mallar icra dairesi eliyle sat\u0131larak nakde d\u00f6n\u00fc\u015ft\u00fcr\u00fcl\u00fcr ve elde edilen bedel alacakl\u0131ya \u00f6denir. Hacizli mal\u0131n sat\u0131\u015f\u0131 s\u00fcreci, sat\u0131\u015f talebi, k\u0131ymet takdiri, ilan ve art\u0131rma a\u015famalar\u0131ndan olu\u015fur. Kanun koyucu bu s\u00fcreci hem alacakl\u0131n\u0131n&#8230;<\/p>","protected":false},"author":1,"featured_media":3898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-3452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-icra","aeen-post-thumb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u0130cra Takibinde \u201cSat\u0131\u015f\u201d \u0130\u015flemi: Hacizli Mal\u0131n Paraya \u00c7evrilmesi - Azel Hukuk ve Dan\u0131\u015fmanl\u0131k<\/title>\n<meta name=\"description\" content=\"\u0130cra takibinde sat\u0131\u015f i\u015flemi nedir, hangi a\u015famada ger\u00e7ekle\u015fir, alacakl\u0131 ve bor\u00e7lu i\u00e7in sonu\u00e7lar\u0131 nelerdir? 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